US-based investment company Tiger Global Management is stepping up its investments in India from its mega $3 billion fund called Tiger Global Private Investment Partners XI, The Economic Times reported.

The buzz of the new fund comes after Tiger Global’s Lee Fixel helped US retail giant Walmart acquire 77 percent in Flipkart.

“The new fund is expected to close in the next few weeks and India is specifically mentioned as one of the focus areas in the documents,” sources told the paper, adding that the fund will also invest in other geographies including US and China.

Fixel is reportedly looking at only growth stage companies, that have valuations of around $200-250 million. According to the report, new ecommerce companies, logistics tech startups, business-to-business commerce firms and digital media or content ventures are on Fixel's radar.